question archive A ?$80,000 bond bearing interest at 4?% payable semi-annually is bought ten years before maturity to yield 3
A ?$80,000 bond bearing interest at 4?% payable semi-annually is bought ten years before maturity to yield 3
Subject:FinancePrice: Bought3
A ?$80,000 bond bearing interest at 4?% payable semi-annually is bought ten years before maturity to yield 3.5?% compounded quarterly. If the bond is redeemable at? par, what is the purchase? price?
?(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as? needed.)
